Answer:
APR is the Interest rate advertised by lenders.
Explanation:
APR is the annual percentage rate that is different from the interest rate. Interest rate is the rate of borrowing money. While APR is the rate which includes interest rate, processing fee and other cost that are involved in loan approving.
This cost is decided by lender, which may be equal to interest rate or greater than interest rate.
They are several weaknesses or disadvantages of file processing
systems but the major weakness is data redundancy and inconsistency. By data
redundancy, I mean duplication of data. There are no better methods to validate
insertion of duplicate data in file systems. Data redundancy can also increase
the chance for errors.
SDLC refers to Software/System Development Life Cycle, which is defined as <em>a process involving various stages to ensure high-quality end product.</em>
It generally contains six phases: planning, analysis, design, implementation, testing, deployment, and maintenance.
A person with Mel’s level of capability should be dealing with the (A) analysis level of SDLC.
Solution :
It is given that Lael always looks out for the students who are interested in running for the office in a student group.
We use an excel sheet to determine whether a student had already elected to the office of the student group or not.
The formula used for the excel sheet used is :

K L M N
Elected group Finance certificate
Yes Yes Yes
No Yes Yes
No No No